Led Zeppelin’s Whole Lotta Love Voted Best Guitar Riff
What no Purple Haze by Hendrix Click on pic for article
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How Market Selloffs Happen
Why does investor panic suddenly take hold? Here, the fourth installment of a new Fortune series on how things spread. Twitter, the social media company that uses a bird for its corporate logo, was the canary in the coal mine. In early February, on a single day of trading, Twitter’s stock fell 24%, to $50 from…
Being Young
One of the good things about being young is that you can trade stupidity for time – this is the strategic advantage of being young. The excess time you have remaining in your account enables you to recover from the majority of stupid things we all do when we are young. At the AIA conference…
Norway’s Sovereign Wealth Fund
If only we had something left after the mining boom other than a bunch of whinging billionaires and a some big arse holes in the ground….. More here – Norway’s gargantuan sovereign wealth fund, by the numbers
THE 10 BEST PIECES OF ADVICE FOR MAKING A FRESH START
I particularly like these two – 6. DON’T TRY TO FIT IN Too often, we try to fit in with our environment because we think it will help us move forward, but the person who embraces their differences stands out, says Sally Hogshead, author of How the World Sees You: Discover Your Highest Value…
Its Friday
I thought this little snippet belonged in the Its Friday section because surely being rewarded with a multi million dollar bonus for overseeing a financial planning division that committed wholesale fraud is taking the piss……isn’t it? This actually tells you all you need to know about the culture of Australian banks.
I Am Clearly Missing Something
There is something in the rationale of people choosing hedge funds as a vehicle that I am not getting. The sales pitch must be amazingly slick or people are still captive to the false narrative that hedge funds are enrichment vehicles for someone other than the manager. Investors poured $70.9 billion into hedge funds in…
Do Superstitious Traders Lose Money?
More than likely. The interesting thing about this piece is that whilst it is largely directed as the Chinese community and their approach to numerology and its perceived importance in decision making the same sort of irrationality applies universally. You need only pick up a copy of our local trading magazine Your Trading Edge to…
Fun
What prompted this little piece was I was reviewing someones trading plan and one of the reasons they listed as wanting to trade was fun and my immediate thought was they are not long for this world. The problem with the notion of fun is that represents an emotional investment in the trading process. this…
I Love (Insert Stock Name Here)
One of the things I find most intriguing about going to conferences is watching other speakers simply because their approach to the universe is so different to my own. Most go with the aim of confusing the attendees sufficiently that they believe the notion that said guru is indispensable and they must buy whatever they…
Sometimes You Win, Sometimes You Lose, and Sometimes It’s Meaningless
Here is an interesting thought for those who like to tinker with their trading systems after a loss. If a pro basketball team’s opponent hits a better-than-expected proportion of its free throws — 80% versus 70% — the coach is half a percentage point more likely to change his starting lineup for the subsequent game, even though the opposing…
Investors Pay for Hedge-Fund Illusions
In an earlier article for Bloomberg View, I described a danger facing investors: the put-option illusion. This is when investors, who tend to extrapolate too much from recent trends, are fooled into thinking that a string of good returns means an investment has very little risk. Often the risk is just lurking way out in the tail…
Short Selling
The table below grabbed my attention this morning, it from the investment research group Bespoke who produce all manner of statistics on the market. Most of which I neither understand nor use. What the table basically says is that the short sold stocks have outperformed the market on the upside – that is short…
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.They can teach you how to do this too!
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